Filing Flows › Driven Brands Holdings (DRVN) › Q4 2024
Driven Brands Holdings (DRVN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 26, 2025
Driven Brands Holdings (DRVN) reported revenue of $427M for the fourth quarter 2024 (Q4 2024), -23% from a year earlier and -28% from the quarter before. Operating margin was -74.6%, net loss $307M (71.8% of revenue).
Driven Brands Holdings, Q4 2024: revenue $427M (-23% year over year), operating margin -74.6%, net loss $307M, operating cash flow $37.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $427M | -28% | -23% |
| Operating profit | −$319M | — | — |
| Net earnings | −$307M | — | — |
| Operating cash flow | $37.0M | -63% | +124% |
What changed
Revenue was $427.2M in Q4 2024, down 23% year over year and down 28% from the previous quarter.
Operating costs exceeded revenue by $318.8M, an operating margin of -74.6%. Total costs grew 47% against a revenue fall of 23%. The fastest-growing cost line was SG&A (+67%). The quarter ended with a net loss of $306.8M, wider than the previous quarter's $14.9M loss.
Operating cash flow was $37.0M (up 124% year over year). Non-cash charges added back $48.9M of depreciation and amortization and $12.5M of share-based compensation. Working capital and other items added $282.4M. Capital expenditures of $66.1M exceeded it, leaving free cash flow of −$29.1M.
Questions
What was Driven Brands Holdings' revenue in the fourth quarter 2024?
Driven Brands Holdings (DRVN) reported revenue of $427M for the fourth quarter 2024 (Q4 2024), -23% from a year earlier and -28% from the quarter before.
Was Driven Brands Holdings profitable in the fourth quarter 2024?
Operating loss was $319M (-74.6% of revenue) and net loss $307M.